Visa and MasterCard are sending confidential alerts to financial institutions across the United States this week, warning them about more than 200,000 credit cards that were stolen in the epic data breach announced last week at big-three credit bureau Equifax. At first glance, the private notices obtained by KrebsOnSecurity appear to suggest that hackers initially breached Equifax starting in November 2016. But Equifax says the accounts were all stolen at the same time — when hackers accessed the company’s systems in mid-May 2017.
In the wake of the massive data breach at Equifax, some are calling for tokenization of all data that has the potential to be stolen by fraudsters.
Compliance is improving, but more than 40% of companies still have work to do, according to a new Verizon report.
The cashless ATM is meant to make it easier for legal dispensaries and other high-risk stores to accept card payments. But for Alden Linn, owner of World of Weed, it became a hassle.
Welcome to the news section of DigiGamma.com. We have recently added this section to share with you what we believe are the relevant updates and news concerning compliance and risk management related the high risk merchant world. And we’ll throw along some updates on new hacks and security topics as well for your viewing pleasure.